Speakers also highlighted the importance of strengthening international cooperation to combat corruption and of establishing a mechanism to facilitate the return of proceeds of corruption to their countries of origin.

The obligations of States under the Maputo Convention relate not only to laundering the proceeds of corruption, illicit enrichment and the funding of political parties, but also to cooperation and mutual legal assistance in combating corruption.

The idea was principally to study how to implement the criminalization provisions relating to laundering the proceeds of crime, corruption and participation in organized criminal gangs.

Presented papers on international criminal law, the International Criminal Court, international penal law conventions, terrorism, corruption and proceeds of crime to various international forums and conferences

9. Invites Governments to strengthen international cooperation aimed at preventing and combating corruption and the laundering of proceeds derived from trafficking, including for purposes of commercialized sexual exploitation

10. Invites Governments to strengthen bilateral, regional and international cooperation aimed at preventing and combating corruption and the laundering of proceeds derived from trafficking, including for purposes of commercialized sexual exploitation

In such a situation, dealing with past acts of corruption and recovering the respective proceeds was essential for any Government when trying to regain the trust of its citizens and overcome the culture of impunity.

Laundering of proceeds of crime

Information was also provided on the confiscation of assets and proceeds of crime and the sharing of such proceeds.

1. This Convention shall apply, in accordance with its terms, to the prevention, investigation and prosecution of corruption and to the freezing, seizure, confiscation and return of the proceeds of offences established in accordance with this Convention.

Control of the proceeds of crime

The illegal proceeds shall be confiscated and a fine of 1 5 times of the illegal proceeds shall be imposed.

(e) Preventing and combating the transfer of proceeds of offences established in accordance with this Convention and recovering such proceeds

The forthcoming entry into force of the United Nations Convention against Corruption and the model bilateral agreement on the sharing of confiscated proceeds of crime or property provided a basis for establishing universal international standards in the area of transnational crime.

(a) Proceeds of crime derived from offences covered by this Convention or property the value of which corresponds to that of such proceeds

Criminalization of the laundering of proceeds of crime

Special rules on proceeds

Disposal of confiscated proceeds of crime or property

5. Income or other benefits derived from proceeds of crime, from property into which proceeds of crime have been transformed or converted or from property with which proceeds of crime have been intermingled shall also be liable to the measures referred to in this article, in the same manner and to the same extent as proceeds of crime.

Prevention and detection of transfers of proceeds of crime

(a) Proceeds of crime derived from offences established in accordance with this Convention or property the value of which corresponds to that of such proceeds

Accounting for proceeds from the sale of property

(v) Disposal of confiscated proceeds of crime (article 14)

Money laundering and control of the proceeds of crime

(a) The assignor has received the proceeds under instructions from the assignee to hold the proceeds for the benefit of the assignee and

We resolve to take the necessary measures to combat corruption at both national and international levels and to ensure that illegally acquired and transferred funds and assets and their proceeds deposited in foreign banks are returned to the countries of origin.

Proceeds derived from the offence

Proceeds from revenue producing activities

The Party transferring the proceeds of crime or property assumes no liability or responsibility for the proceeds of crime or property once they have been transferred and relinquishes all right or title to and interest in the transferred proceeds of crime or property.

(g) Surveillance of the movement of proceeds of offences established in accordance with this Convention and of the methods used to transfer, conceal or disguise such proceeds

(b) Facilitating the exchange of information among States Parties on patterns and trends in corruption and on successful practices for preventing and combating it and for the return of proceeds of crime, through, inter alia, the publication of relevant information as mentioned in this article

6. Income or other benefits derived from such proceeds of crime, from property into which such proceeds of crime have been transformed or converted or from property with which such proceeds of crime have been intermingled shall also be liable to the measures referred to in this article, in the same manner and to the same extent as proceeds of crime.

Maintaining statistical data on seized proceeds of money laundering

Maintaining statistical data on confiscated proceeds of money laundering

Freezing, seizure and confiscation of proceeds of drug trafficking offences

Freezing, seizure and confiscation of proceeds of other serious crimes

Article 5 Sharing of confiscated proceeds of crime or property

Article 6 Payment of shared proceeds of crime or property

Property that is the proceeds of, or involved in, the financing of terrorism, terrorist acts or terrorist organisations can be confiscated through the Proceeds of Crime Act 2002.

Figure I States reporting measures against laundering proceeds of crime

Terrorists are also often dependent upon the proceeds of crime.

Laundering of proceeds of other serious crimes considered a criminal offence

Law on Prevention of the Laundering of the Proceeds from Crime

Seizure and confiscation of goods and proceeds, and closure of premises

On the issue of crime prevention, she stressed the importance of the United Nations Convention against Transnational Organized Crime and the Protocols thereto. Egypt was actively combating corruption and money laundering and was working to recover the proceeds of crime and return them to the rightful owners.